COMPANY ACTIVITY

Aurizon earnings to take a beating

WHILE Aurizon has managed to get three of the four coal systems that make up its Central Queensland Coal Network reopened to coal trains, albeit under restricted conditions, the company expects to take a $100-$115 million earnings hit thanks to Cyclone Debbie impacts.

Lou Caruana
Aurizon earnings to take a beating

Accordingly, Aurizon has revised its previous earnings before interest and tax guidance for the 2017 financial year of $900-950 million to $800-850 million.   Aurizon’s Blackwater coal system, which...

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